11632 Gem, Norwalk, California 90650, Norwalk, 90650 - 3 bed, 1 bath
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Norwalk, California 90650
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $699,900—positioned well below the $708,202 Fair Market Value by 1%. This valuation gap offers $8,302 in Instant Equity. With a Condition Rating of 4, the property features a large backyard and ADU development potential via the detached garage. While the interior requires cosmetic updates, the strategic location near the 5 freeway ensures strong rental demand. This asset is ideal for Buy-and-Hold Investors or first-time buyers seeking value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11632 Gem Subject | $699,900* List Price | 3 | 1 | 1,078 | $657 | - |
A 11816 Arlee Sold | $715,000 | 3 | 1 | 972 | $736 | 0.3 mi |
B 11219 Foster Road Sold | $750,000 | 3 | 1 | 1,088 | $689 | 1.0 mi |
C 12019 Kalnor Sold | $645,000 | 3 | 2 | 1,038 | $621 | 0.6 mi |
D 12250 Longworth Sold | $780,000 | 3 | 1 | 1,076 | $725 | 0.4 mi |
E 12123 Jersey Avenue Sold | $641,000 | 3 | 1 | 1,061 | $604 | 0.1 mi |
F 11035 Borson Sold | $780,000 | 3 | 2 | 1,271 | $614 | 0.9 mi |
G 11434 Littchen St Sold | $750,000 | 3 | 2 | 1,304 | $575 | 0.8 mi |
H 11231 Crewe Sold | $815,000 | 3 | 1 | 1,103 | $739 | 0.5 mi |
I 11208 Dalwood Active Under Contract | $779,000 List Price | 3 | 1 | 1,219 | $639 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, the home has received a cosmetic refresh with newer vinyl plank flooring and paint. However, the kitchen remains dated with older painted cabinetry and visible damage to the laminate countertops. The absence of appliances and the presence of older-style ceiling vents suggest that while the home is functional, the primary systems and core rooms are likely 20+ years old and will require further updates.
The property features a detached two-car garage and a large backyard, offering a prime opportunity to convert or build an Accessory Dwelling Unit (ADU) for multi-generational living or rental income.
Positioned as one of the most affordably priced three-bedroom homes in Norwalk, this property represents an excellent value proposition for first-time homebuyers and investors.
Located minutes from the 5 freeway and the Santa Fe Springs border, the home provides exceptional accessibility for residents commuting to both Los Angeles and Orange County.
With three bedrooms but only one bathroom, the home's configuration may be a significant drawback for larger families or those seeking modern convenience.
At 1,078 square feet, the interior living space is relatively small for a three-bedroom residence, which may result in tighter room dimensions and limited storage options.
*** Welcome to one the BEST priced THREE-bedroom homes in the city of Norwalk with an ADU possibility *** This gem is situated on the borderline with Santa Fe Springs in a sought-out neighborhood. It has been given the touch it deserves and it ready for a new family to make it their own. It consists of THREE spacious bedrooms and a large living room. A large backyard and covered patio that is perfect to entertain family and friends. A two-car detached garage with a long driveway for additional parking. This home is located minutes from the Norwalk Civic Center, restaurants, movie theaters and shopping centers. With just minutes from the 5 freeway, this home conveniently one-shot to Los Angeles and Orange County. Come by and take a look! See you here =)
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 1.0 |
| Square foot | 1,078 | 1,061 |
| Lot Size | 5,245 | 5,241 |
| Price | $699.9K | $774.2K |
| Price per sq ft | $649 | $648 |
| Built year | 1953 | 1952 |
| HOA | $0 | $0 |
| Days on market | 16 | 47 |
Jul 6, 2026
$699,900
Initial Listing